hi from the date you got notice that a payment was proceed how long after did you get your payment?

It mainly affects VA buyers and people who dont have enough for down payment, closing costs, and now buyers agent. 

Rents are currently $1,200 per month, I expect to raise them to $1,375 per month when I add a storage container and do exterior fix ups (30k), the monthly payment is $3,660, so $5,500-$3,660=$1,840, so $22,080 cashflow per year.Summary:Utah is an increasingly expensive market.

The cost was a bit more, but my mortgage payments on the condo + condo fees were almost the same as the mortgage on the house and would I rather have the tenant paying the mortgage and condo fees or just the mortgage.

A direct booking site still has to process a credit card payment.

Is it better to renovate the basement of your house and turn it into a legal basement apartment or join a JV and use the money to make a down payment on another property to rent out?

.** (Isn't that what making monthly payments on seller buyback is?)

Think of it as a portfolio mortgage and a first mortgage combined in one step to give enough security to have a low/no down payment for the new property. 

The issue is, I fell for his traps and gave him 75% of the payment (around 35k) because he kept saying he needed it to get done soon and I did not want to extend my lease too much because it was very expensive to do so.

In some areas, you will never cash flow (well if you pay cash or do a massive down payment).